haku: @author Foerster, S. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Foerster, S. Schmitz, J. |
| Otsikko: | The transmission of U.S. election cycles to international stock returns |
| Lehti: | Journal of International Business Studies
1997 : FIRST QUARTER, VOL. 28:1, p. 1-27 |
| Asiasana: | USA STOCK RETURNS ELECTIONS |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the international pervasiveness and importance of the previously uncovered four-year U.S. election cycle whereby U.S. stock returns are significantly lower, and negative, in year 2 following a U.S. presidential election relative to years 1, 3 and 4. All eighteen countries examined over the 1957 to 1996 time period possess lower local currency stock market capital gains returns in year 2 relative to the average capital gains of years 1, 3 and 4. |
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